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Stifel Nicolaus Maintains Buy on Cymer

Stifel Nicolaus is out with its report today on Cymer (NASDAQ: CYMI), maintaining Buy.

In a note to clients, Stifel Nicolaus writes, "We maintain our Buy rating and our $57 target price, based on 2.5x book value. With the recent pullback of the group, we believe long term investors could find an attractive entry point at these current price levels."

At the time of posting, shares of CYMI were trading at $45.68, up 0.02% from Friday's close.